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Productivity
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Total Factor Productivity replacing Multifactor Productivity terminology
The BLS Productivity program will replace the term multifactor productivity (MFP) with total factor productivity (TFP) beginning with the Total Factor Productivity Trends for Major Industries release on November 18, 2021. This is a change in terminology only and will not affect the data or methodology. The use of the term total factor productivity will improve the visibility and accessibility of our data and will be accompanied by changes to the BLS website and future productivity news releases.